- XRP retail interest drops as Google search activity declines sharply in the U.S.
- XRP trades above $2.10, but resistance at $2.25 and 21W EMA remains unbroken.
- Trading volume dips 26% as XRP struggles to confirm a bullish breakout.
XRP faces conflicting signals: retail engagement seems to be dropping, yet at least one analyst sees a major bullish pattern developing. Indicators like Google Trends and trading volume show declining public interest, even as XRP’s price holds steady.
Is Retail Interest in XRP Fading Despite Stable Price?
Data from Google Trends and market analysts suggest XRP is trading within a narrow range while attempting to hold above key levels that could define its short-term trajectory.
Insights shared by STEPH IS CRYPTO reveal XRP-related US Google search activity dropped sharply between April 14 and April 15, after peaking likely due to Ripple/SEC case speculation.
By late morning April 15, interest stabilized at much lower levels. Additionally, CoinMarketCap data showed XRP’s 24-hour trading volume fell over 26% to $3.01 billion, despite the price holding around $2.15 (up 0.50% daily). This suggests waning participation for now.
Related: Bullish XRP Chart Pattern Emerges Just Before Major SEC Deadline April 16
XRP Mirroring Bitcoin’s 2016 Breakout Pattern
Despite the low retail engagement, crypto analyst Amonyx presented a strongly bullish case. He highlighted XRP showing signs of a potential huge breakout, pointing to a multi-year symmetrical triangle formation on its chart.
Crucially, Amonyx noted this pattern’s similarity to Bitcoin’s setup in 2016, just before BTC began a major bull run. He believes XRP’s long consolidation since 2018 within this triangle positions it for a possible “explosive move.”
What is Amonyx’s XRP Price Target if Triangle Breaks?
Source: X
Related: Whales Accumulate XRP: Are They Betting on This Bullish Chart Signal?
Based on this BTC 2016 fractal comparison and Fibonacci projections, Amonyx stated a breakout above key long-term resistance could eventually lead XRP towards $5.85.
This bullish technical target offers a stark contrast to the current low volume and fading search trends.
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